[ADiamond]

this is all bull. ACH payments take 3-5 business days to clear yes that is correct but someone stated that extra money is being pulled past the balance, that is them floating the merchant's money for a week before they return it.

there is no reason why a platform can not calculate a running balance, which in fact most do that's why you will see the last payment a few dollars shorter than the normal daily amount with most trustworthy lenders

what he said was they are pulling payments past the balance being $0 "because the past 3 havent cleared," and they shouldnt be pulling payments - they are floating the money - the ach processor isn't pulling extra payments, someone has to initiate it.

An ACH payment is pulled the night before by 5-7PM EST for the next day, and will hit their account the next day. Today, Monday, is a payment that was initiated Friday April 22, 2016.


April 25, 2016 - Pending - Payment $303 - Balance $0 - payments halt until this payment clears then if necessary, it will reprocess or go to collections
April 22, 2016 - Pending - Payment $399 - Balance $303
April 21, 2016 - Pending - Payment $399 - Balance $702 - will clear the afternoon of April 25, 2016
April 20, 2016 - Settled - Payment $399 - Balance $1,101
April 19, 2016 - Settled - Payment $399 - Balance $1,500